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THV system, final edition

  • #421
  • Nov 23, 2008 2:02pm Nov 23, 2008 2:02pm
Quoting cobraforex
YOU ARE WRONG

I was writing on reply of the post of Traderathome:

I would not give too much attention on the difference of the axis of the two indicators you mentioned, I realized in the past that it could let you loose some good trades

The difference of the axis of both indicators is not part of the system and will not be as well!!

Please wait till we release the new template, it is worth to do so.
[b][font=Arial][color=black]Till...

Thank you for your clarification

  • #422
  • Nov 23, 2008 2:05pm Nov 23, 2008 2:05pm
Give him is space...let the man breathe !

I think that we are going to have a rokin' strategy when this is done...hopefully we will ALL be BIG PIPPIN' !

Saintroman, thank you for letting me know why that little red dot appears...

I am going to miss the OsMA...alas, I will put it on the other candlestick chart as Cobra recommended...
Deprive a man of everything and you give him nothing to lose.
  • #423
  • Nov 23, 2008 2:21pm Nov 23, 2008 2:21pm
I hope you all are not going to get annoyed that I am posting so many times...but I wanted to mention something...

I think - and this applies to me first - that we should all (those that do not already know) go and research what exactly these various indicators do...research how they were created...Not that we will fully and entirely understand what we find - as some of them I am sure are based on serious mathmatical alogorithms - but just for the understanding that we can derive.

After all if one wants to do this seriously, one should have as much of an understanding of the tools that one will be using.

I appreicate that Cobra went out of his way to present a strategy here, but we should not take that for granted.

Doblece posted this link earlier : http://www.investopedia.com/articles.../04/092204.asp

Post # 361...

There are explanations of the other indicators that we may be using there as well...

At the end of the day what I am trying to get at is that we, through a better understanding of how this all works, will be able to contribute in a meaningful way instead of just blindly copying and pasting...

Again, this applies to ME first !

Cashmeer.
Deprive a man of everything and you give him nothing to lose.
  • #424
  • Nov 23, 2008 3:19pm Nov 23, 2008 3:19pm
Hi Cobra, great system , Im using these days the Fx prime for 1min scalping with great results, im gonna add your system and combine the two to get perfect setups like the big short friday which was given by both systems at the same time which must be a winner.....
I was also looking for some counter trends systems recently and your COG looks interesting, i didnt really understood the rules, you said take it on the cross of the blue line line, what did you mean by that? PA cross the blue line, blue line crossing the HULL? i quess you mean the other the second option but looking at your example in your site after a big big move it takes lot of time until the blue line crosses the HULL again making it pretty late to enter considering we are trending against the main trend, actually i noticed taking the position after PA crosses the blue line and bar changing colour could give better results if working with very tight MM (less than 10 pips SL), what do you think? i would appreciate it if you could tell more about the rules of trading with COG .
One last thing - OSMA indicator has no factor in entering the trade? it doesnt have to be in the right direction (red and below zero for short)?
  • #425
  • Nov 23, 2008 3:35pm Nov 23, 2008 3:35pm
Quoting cobraforex
So, we could see that the Trix give us early buy and sell signals that the THV have to confirm, oversold and overbought areas (The blue boxes) ...
What value do you place for those two levels (0.0005 and -0.0005)? I've tried but they don't show on my indi. :S
  • #426
  • Nov 23, 2008 3:43pm Nov 23, 2008 3:43pm
Quoting HUnter123
Hi Cobra, great system , Im using these days the Fx prime for 1min scalping with great results, im gonna add your system and combine the two to get perfect setups like the big short friday which was given by both systems at the same time which must be a winner.....
I was also looking for some counter trends systems recently and your COG looks interesting, i didnt really understood the rules, you said take it on the cross of the blue line line, what did you mean by that? PA cross the blue line, blue line crossing the HULL? i quess you mean the other...
Let me start with your last question:

In the new template I took the OsMA off because the T3 Trix give us better and faster information, without the OsMA we will have more chances to observe the T3 TRIX well and draw TL's for divergence etc.

The COG I also erased for the moment, I'm not ready with the configuration of it and it may give some misunderstandings until I have it well done.

The COG is a countertrend system and sometimes you can really burn your fingers trading it as a standalone decision.
My idea is to integrate it to THV and make these counter trend trades more secure and getting an earlier entry on fast reversal moves ( that would be: after touch of the COG not to wait till blue cross the hull but yes the aqua T3) but like I said, I'm not really ready to present it with accurate rules.

I want to take the opportunity to wish everybody a successful trading week
  • #427
  • Edited 4:17pm Nov 23, 2008 3:50pm | Edited 4:17pm
Quoting doblece
What value do you place for those two levels (0.0005 and -0.0005)? I've tried but they don't show on my indi. :S
Yes, you can almost be sure that if the Trix passes those values, specially the red one, we will mostly see a retrace or pause soon.

Those levels (0.0005 and -0.0005) will be shown in the new template.
  • #428
  • Nov 23, 2008 4:28pm Nov 23, 2008 4:28pm
Quoting cobraforex
Yes, you can almost be sure that if the Trix passes those values, specially the red one, we will mostly see a retrace or pause soon.

Those levels (0.0005 and -0.0005) will be shown in the new template.
Oops. Was looking at M1 when I added them. Now I can see them on higher TFs
  • #429
  • Nov 23, 2008 4:49pm Nov 23, 2008 4:49pm
Quoting doblece
Oops. Was looking at M1 when I added them. Now I can see them on higher TFs
I want to explain: doblece as the tecnical director of the THV thread already has the new template to test drive it.
  • #430
  • Edited 5:12pm Nov 23, 2008 4:54pm | Edited 5:12pm
Cobra, I have been using Trix right along, using 4.4 settings in an indicator that requires only inputs for Length (4), Signal (4), and Method (1=standard, 2=smoothed). In the chart below the first trix is THV, second is 4x4std, third is 4x4smoothed. As you can see, all the important reverses coincide. It is just a difference in progressively "smoother" displays.

If you think this indicator I have been using might be of value, let me know and I will get it to you.

Edit: Added 2nd chart with the levels showing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 15 minute #1 on 11-23-2008.gif Size: 33 KB
Click to Enlarge Name: eu 15 minute #2 on 11-23-2008.gif Size: 34 KB
  • #431
  • Nov 23, 2008 5:18pm Nov 23, 2008 5:18pm
Quoting traderathome
If you think this indicator I have been using might be of value, let me know and I will get it to you.
Please send it to my privat email that you have.

BTW: the Pivot indicator that you changed for us is working perfectly, good work.

Thanks
  • #432
  • Nov 23, 2008 5:28pm Nov 23, 2008 5:28pm
Quoting cobraforex
Please send it to my privat email that you have.

BTW: the Pivot indicator that you changed for us is working perfectly, good work.

Thanks
It is great that it works! We have Shimodax to thank for that, as the core coding of time is all his work.

One thing it does that I'd like to see changed is that the lines will not be drawn on a chart until a full timeframe into the session. The fib lines on my 30 minute chart did not display until the first 30 minutes had transpired. I am not sure I know how to fix this, so any other better coders might look into it. The line values are already "known", but the indicator will not draw the lines until after one full TF into the session....a 15 minute charts takes 15+ minutes, a 30 minute chart takes 30+ minutes, etc.
  • #433
  • Nov 23, 2008 5:48pm Nov 23, 2008 5:48pm
Quoting traderathome
One thing it does that I'd like to see changed is that the lines will not be drawn on a chart until a full timeframe into the session. The fib lines on my 30 minute chart did not display until the first 30 minutes had transpired.
I noticed that too... but then I went to the M1 chart and it changed and thereafter all the remaining TFs were showing the lines... It hadn't happened during the week though. Maybe it is because it doesn't take the sunday data? If your broker has a sunday candle that could be the reason.
  • #434
  • Nov 23, 2008 6:21pm Nov 23, 2008 6:21pm
Quoting doblece
I noticed that too... but then I went to the M1 chart and it changed and thereafter all the remaining TFs were showing the lines... It hadn't happened during the week though. Maybe it is because it doesn't take the sunday data? If your broker has a sunday candle that could be the reason.
If the settings are "2" for Metaquotes (GMT +2hrs) and "-5" for NY (GMT -5 hours), .....and these are the settings we are using, right?.......then why do I have a Yesterday line at 7am Metaquote time/ midnight NY time (which is correct), but a "Today" start time of midnight Metaquote time/5pm EST NY time? Shouldn't the "Today" line be yet in the future....not until midnight tonight NY time.....in about 4 hours 40 minutes from now????????
  • #435
  • Nov 23, 2008 6:33pm Nov 23, 2008 6:33pm
Quoting traderathome
If the settings are "2" for Metaquotes (GMT +2hrs) and "-5" for NY (GMT -5 hours), .....and these are the settings we are using, right?.......then why do I have a Yesterday line at 7am Metaquote time/ midnight NY time (which is correct), but a "Today" start time of midnight Metaquote time/5pm EST NY time? Shouldn't the "Today" line be yet in the future....not until midnight tonight NY time.....in about 4 hours 40 minutes from now????????
On my chart there are exactly 24 hours between "today" and "yesterday". However my settings are "0" for the broker and "0" for the NY starting time... I will later on write a full classification because this depends if the broker has or not DST times thereafter in regard to a DST timezone...

I'll post here part of a message I sent last friday to Cobraforex about this, taking my own case as an example. I hope it will make sense (I had the same settings as you and the same question):

*************
non-DST
here = 17:30 (GMT-4:30)
USA non DST = 17:00 (GMT-5:00)
broker = 00:00 (GMT+2)
GMT real time = 22:00

under DST
here = 16:30 (GMT-4:30)
USA DST = 17:00 (GMT-4:00)
broker = 00:00 (GMT+3)
GMT real time = 21:00

There are always 7 hours difference between my broker server time and USA close time because both are subject to DST timezone. So in fact, the 00:00 start of the day on my platform IS ALWAYS the same as the 5pm close.

Yellow start-end lines are showing a "start-of-the-day" at 00:00 USA time (EST)... Now I think this is not correct as I would like the day to start at 17:00 EST... so what are the vertical lines showing if at 07:00?

non-DST (present condition)
here = 00:30
USA (EST) = 00:00 !!!
broker = 07:00
GMT real time = 05:00 !!!

The only way for the day to start effectively at 17:00 EST is leaving both settings at 0, as there is no time shift between the broker's server time and the EST USA close. They move together.

This is good for FxPro and FXDD which both are at GMT+2 (right now) and GMT+3 (under DST).
I tested ODL (which is GMT time = two hours behind FxPro right now and 3 hours when DST is on) so if the first setting is left to 0, the second should be set at 2 (now) or 3 (DST).

The 1 and 2 settings cancel each other when both in positive values. And they add up differently if one is negative and the other positive or vice versa).
****************

I guess it is an issue with the negative and positive numbers... and maybe the sunday candle thing. I will come out with a more orderly solution later on.
  • #436
  • Nov 23, 2008 6:42pm Nov 23, 2008 6:42pm
I'm using the V3 1.1 actually on ODL (London time server) and setup 0 - 0 having the DP exactly where it should be, at 2551.
On the Fxpro I have it on 2 - 0 and is equal on 2551.



Quoting traderathome
If the settings are "2" for Metaquotes (GMT +2hrs) and "-5" for NY (GMT -5 hours), .....and these are the settings we are using, right?.......then why do I have a Yesterday line at 7am Metaquote time/ midnight NY time (which is correct), but a "Today" start time of midnight Metaquote time/5pm EST NY time? Shouldn't the "Today" line be yet in the future....not until midnight tonight NY time.....in about 4 hours 40 minutes from now????????
  • #437
  • Nov 23, 2008 6:46pm Nov 23, 2008 6:46pm
Quoting cobraforex
I'm using the V3 1.1 actually on ODL (London time server) and setup 0 - 0 having the DP exactly where it should be, at 2551.
On the Fxpro I have it on 2 - 0 and is equal on 2551.
And it shows 24 hours between the "today" and "yesterday" vertical lines.

However, your session is starting at GMT 00:00 time, instead of NY close (17:00 EST) which is the usual standard close time for the markets...
  • #438
  • Edited 7:01pm Nov 23, 2008 6:49pm | Edited 7:01pm
Quoting doblece
On my chart there are exactly 24 hours between "today" and "yesterday". However my settings are "0" for the broker and "0" for the NY starting time... I will later on write a full classification because this depends if the broker has or not DST times thereafter in regard to a DST timezone...

I'll post here part of a message I sent last friday to Cobraforex about this, taking my own case as an example. I hope it will make sense (I had the same settings as you and the same question):

*************
non-DST
here = 17:30 (GMT-4:30)
USA non...
So, for FXDD servers on Metaquote's timezone (GMT + 2 hours = setting of "2") and the pivots data taken midnight to midnight that time zone (which happens to be 5pm EST to 5pm EST, settings of "2" and "2" are appropriate, as the source and destination TZs are one and the same = Metaquotes, where midnights (data taking time) are 5pm EST to us. Right? Geez, this can get confusing for others not in such a convenient situation. Perhaps a book should be written on this......

Edit: Then the instructions in SDX-TzPivots (any version so far) are incorrect in that the instructions do not explain that if you want a different destination timezone from the server timezone means if you want midnight to midnight your timezone instead of midnight to midnight server timezone. User has to realize that switching from a server timezone midnight to midnight to another timezone AND ANOTHER TIME PHASE, SUCH AS 5PM TO 5PM will take a little more thinking......!!!!!!
  • #439
  • Nov 23, 2008 6:57pm Nov 23, 2008 6:57pm
Quoting traderathome
So, for FXDD servers on Metaquote's timezone (GMT + 2 hours = setting of "2") and the pivots data taken midnight to midnight that time zone (which happens to be 5pm EST to 5pm EST, settings of "2" and "2" are appropriate, as the source and destination TZs are one and the same = Metaquotes, where midnights (data taking time) are 5pm EST to us. Right? Geez, this can get confusing for others not in such a convenient situation. Perhaps a book should be written on this......
Indeed.
2-2 is equal to 0-0
I have yet to make tests to see how it works for each broker, anyway I think there are only GMT, GMT+1 and GMT+2 brokers (GMT+3 under DST) but most probably could be as I calculated in my previous message, at least for ODL which is "0" GMT and never changes.

The good part is that one can choose at which time to start the session... for example if you want to set the parameters for London start but I still have to make a lot of tests on this.
  • #440
  • Nov 23, 2008 6:59pm Nov 23, 2008 6:59pm
Quoting traderathome
While awaiting to see how Cobraforex and you all change this, in an attempt to smooth out the filled cloud I simply set the width to "5" not only for the two cloud fill lines, but also the two cloud outline lines. If there is a better way, please advise. Thanks.

Edit: Added chart. Try this one out.....make cloud border lines "5", but in slightly lighter shade......!
Sorry for the delayed response. I think you misunderstood. Its not the "cloud" fill I was referring to, but the parameters for the study itself. Are you using the 9-26-52 parameters? Anyway, no big deal. I was just curious why the cloud looked different. Have a good one...
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